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UPDATE: Dahlman Rose Upgrades Chevron to Buy

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Dahlman Rose published a research report on Chevron (NYSE: CVX) and upgraded the company from Hold to Buy with a $120 price target.

In the report, Dahlman Rose wrote, "After the market close, CVX increased the Gorgon LNG project cost estimate to A$52 Bn (US $54 Bn using current exchange rate). While the cost increase is disappointing, it is in line with our estimate. With the key investment overhang removed, we are upgrading CVX to Buy from Hold."

Chevron closed Wednesday at $105.17.

Latest Ratings for CVX

Sep 2015Wolfe ResearchUpgradesUnderperformPeer Perform
Sep 2015MacquarieInitiates Coverage onUnderperform
Sep 2015JP MorganUpgradesNeutralOverweight

View More Analyst Ratings for CVX
View the Latest Analyst Ratings

Posted-In: Dahlman RoseAnalyst Color Upgrades Analyst Ratings


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